ChartPros Market Insights
May 11 Chart of the Day - Dow Jones Industrial Average
The Dow futures ticker /YM hourly pre-market chart for today is suggesting an upcoming directional decision may be coming soon based on its volatile but range bound moves the past few days.
See what could happen today!
May 10 Chart of the Day - PayPal
PayPal (PYPL) bears have been in the driver's seat since its lofty $310 all time high back in July 2021.
Since then price has fallen through each possible support level without any sustainable push by PayPal bulls.
May 9 Chart of the Day - Microsoft
Microsoft (MSFT) bulls have dominated the chart in 2023 so far. Recently powering through two weekly resistance levels price could possibly face another major resistance zone in the $316.50 - $323.35 area especially if $305 and $295 levels hold on any pull backs.
May 8 Chart of the Day - CROX
After exploding to the the upside since June 2022 from $45 to $150+ CROX has recently taken a breather and fallen back to the $110 area. Some investors interpret this as a normal and healthy pull back but some traders seem to think the sky is falling with no bottom in sight.
May 4 Chart of the Day - Apple
Apple (AAPL) is set to report earnings after market close on Thursday May 4, 2023. The market is anticipating about a $6.90 move in either direction by the close of market on Friday May 5th.
May 3 Chart of the Day - Bank of America
With renewed pressures on the banking industry Bank of America (BAC) could see some more selling pressure down in the $20 area but if regulators or white knights continue to provide life lines to failing banks then BAC price could gain some upward momentum north of $30-$35.
May 2 Chart of the Day NASDAQ
After a healthy retracement look for the #NASDAQ to find some support for a bounce back to the upside. With FOMC on May 3, Apple earnings on May 4, and NFP report May 5 traders can anticipate further volatility this week.
May 1 Chart of the Day - Gold
Gold /GC has been extremely bullish since Halloween and recently consolidating and thinking about it's next move... If price can hold 2006 on the daily chart this week look for potential upside targets of 2020-2030+
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